Answer: ($2,000)
Explanation:
With S3 as the supply curve, the equilibrium price is $10.
With this being a Perfectly competitive market, the profit maximising quantity will be where Price which is the same as Marginal Revenue equals Marginal cost.
That quantity is 200 gallons a week.
At this same level, the Average Total Costs are $20.
Profit (Loss) = (Price - ATC) * Quantity
= (10 - 20) * 200
= ($2,000)
Answer:
4. is most likely to result in the expected level of profit when demand is inelastic within the range of possible prices.
Explanation:
Average cost pricing is most likely to result in the expected level of profit when demand is inelastic within the range of possible prices. The average cost pricing rule is a pricing strategy that regulators impose on certain businesses to limit the price they are able to charge consumers for its products/services equal to the costs necessary to create the product/service. This implies that businesses will set the unit price of a product relatively close to the average cost needed to produce it.
manage household expenses means cutting a lot of checks
ans is a checking account
An employer-employee connection is established whenever an employer engages a worker to perform a physical service.
An employer-employee relationship refers to how an employer (either an individual or an institution) and employees view and treat one another at work. The moment a person signs their employment contract, a relationship between them and their employer is established.
What kind of relationship should exist between the employee and the employer?
a result of the modeling exercise for a work relationship
The interaction between an employer and employee should be cordial and helpful. An employer is the one who welcomes a worker into an organization, hence it is his major duty to make sure the latter is comfortable and pleased while working.
To know more about employer-employee relationship
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Answer:
False
Explanation:
The payback period refers to the specific period of time that it is required to recover the amount invested and it is an important factor to take into account but the project with the shortest payback period is not necessarily the most desirable investment because other factors are also considered, for example, the expected profit and the conditions in the environment that may affect the assumptions made. Because of that, the answer is that the statement is false.
